AUD/JPY – 30M – BUYCorrection of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Current target is 105.243 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance zone at 105.527 should always be considered.
Consider stop-loss settings accordingly.
Additionally a ‘Northern Doji’ candle chart pattern is discovered. The candles form ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 105.928 |
| 2nd High | 105.57 |
| Next High | 105.527 |
| Current Price | 104.93300 |
| Next Low | 104.558 |
| 2nd Low | 104.459 |
| 3rd Low | 104.458 |
105.527 – 105.57 – 105.928 – 105.303 – 105.228 – 104.973 —
105.21300 – 104.91600 —
37.061784549606 – 27.992680424711 —
– —
105.52700 – 1767843000
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji – Head and Shoulder chart pattern – – – – – – – –